Dan Malloy on Free Trade

Trade trips to China to promote aerospace & bioscience

Malloy plays off his two immediate predecessors, Jodi Rell and John Rowland, who governed for 16 of the 22 years when Connecticut was one of two states with no net job growth, the other being Michigan. He uses the past as a baseline, a point of
comparison to find statistical signs of progress today.

"We have needed to reposition ourselves for two decades," Malloy said. "This has to be seen as an overall vision about how you get a state going that has been unwilling to get going for so long.
I don't have any doubt the efforts we're making will pay dividends and are paying dividends."

Malloy mentions trade trips to
China to promote the state's aerospace industry and its bioscience initiatives on the Farmington campus of the University of Connecticut Health Center.

Make sure entire world knows: CT is open for business

We have spent the past 13 months setting the stage for this economic revival. Now is the time to commit to making it a reality. In order to make this happen I believe there are three things we need to do.

We need to maintain the fiscal
discipline we imposed a year ago. That discipline has made Connecticut a more predictable, reliable, stable place in which to do business. It's given the private sector the confidence it needs to make investments and create thousands of new jobs.

We need to continue to make sure the entire world knows Connecticut is open for business.

We need to reform the public school system that educates our children.

And we need to commit to this vision and implement it--year after year, until we get
it right. That's been one of our problems for too long: we're good at making plans, we're not good at sticking to them. Too often we've found ourselves simply careening from idea to idea, with no clear roadmap to guide us. Not anymore.

Reauthorize the Ex-Im Bank.

Malloy signed Letter on Ex-Im Bank

Press release on Letter from 31 Governors to House Republican leaders:

We urge you to reauthorize the Export-Import Bank (Ex-Im) before its charter expires this year. In its role as the official export credit agency, Ex-Im is a vital export finance tool for exporters in our states, at no cost to American taxpayers.

Ex-Im allows our companies and workers to compete on a level playing field against our competitors. Without Ex-Im financing, US firms would have lost many sales campaigns to their overseas competitors.

Reauthorizing Ex-Im is the right thing to do for our economy, companies and workers. 41 GOP lawmakers and 865 business organizations have called for the charter's immediate renewal. And, House Democrats have already introduced legislation to reauthorize the bank. Speaker Boehner, it's time to act; quit jeopardizing the nation's economy and American jobs.

Argument in opposition from FreedomWorks:

Top Ten Reasons to Let the
Export-Import Bank Expire

It Has Outlived Its Purpose: In the 2010s, US exports have been setting record highs--they don't need government help.

It Lets Government Pick Winners and Losers

Its Risky Loans Put it in Danger of Needing Taxpayer Bailouts

It Costs Taxpayers Money Annually, thanks to government accounting gimmicks

Most of Its Funding Goes to Big Corporations Who Don't Need the Money

It Lets Foreign Corporations Undercut US Competitors

It Only Benefits a Few States, but Every State Bears the Costs

It Is Prone to Corruption (like whenever you involve the government in handing out money)

There Are Better Ways to Help US. Manufacturers: the government should lower and simplify the tax and regulatory burden US companies face.

It Is Unnecessary. The Ex-Im Bank cannot justify its continued existence. It's also one of the easiest programs to retire, as its authorization expires in September 2014 if Congress simply does nothing.